Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3960 Canal St Fort Myers, FL 33916
    Property profile & analytics

    3960 Canal St, Fort Myers, FL 33916

    View on Map
    • Industrial land
    • 8.17 lot acres
    For Sale
    $1,495,000
    View Listing →
    8.17 Acre Site For Sale For Sale
    $1,495,000
    8.17 Acres

    8.17 Acre Site For Sale

    8.17+/- acre site ideal for outdoor storage or fleet parking.

    3960 Canal St, Fort Myers, FL 33916
    View Listing
    Property ID
    US18-2300902
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial land

    Property Details for 3960 Canal St

    Lot size
    8.17 lot acres
    Zone code
    IL
    Property type
    Industrial land
    APN
    29-44-25-P1-00102.0020
    APU
    294425P1001020020

    Description

    This exceptional 8.17+/- acre industrial land parcel presents a compelling investment opportunity in Fort Myers, Florida. Located at 3960 Canal Street, Lee County, this fee-simple property is zoned IH and boasts convenient access via Canal Street to Rockfill Road, offering excellent connectivity. The property's strategic location is just six minutes from the I-75 and MLK exit, providing easy access to major transportation arteries. This makes it perfectly suited for businesses requiring substantial outdoor storage space, fleet parking facilities, or those seeking expansion opportunities in Southwest Florida's thriving market. The asking price of $2,295,000 reflects the inclusion of costs associated with road installation and necessary mitigation credits, representing significant value for discerning buyers. The land value is $8.42 per square foot. The APN is 29-44-25-P1-00102.0020. This is a rare chance to acquire a well-positioned industrial site ready for immediate development or expansion, offering significant potential for long-term growth and return on investment. Don't miss this chance to secure a prime piece of industrial real estate in a rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,260,000
      ML approach
      $1,250,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fort Myers
    County
    Lee
    State
    Florida
    Longitude
    -81.8328
    Latitude
    26.6258
    CBSA code
    15980
    CBSA name
    CAPE CORAL-FORT MYERS, FL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,477
    $227,644
    $0.00
    $227,644
    -
    $227,644
    $0.00
    $227,644

    Comparable in this City

    • Value Estimation by Request
      1.01 Acres

      Brown St

      INDUSTRIAL - VACANT LAND
      Brown St, Fort Myers, FL 33916
      View Details
    • Value Estimation by Request
      0.17 Acres

      2767 Lafayette St

      INDUSTRIAL - VACANT LAND
      2767 Lafayette St, Fort Myers, FL 33916-4028
      View Details
    • Value Estimation by Request
      0.08 Acres

      2799 Lafayette St

      INDUSTRIAL - VACANT LAND
      2799 Lafayette St, Fort Myers, FL 33916-4028
      View Details
    • Value Estimation by Request
      0.17 Acres

      2755 Lafayette St

      INDUSTRIAL - VACANT LAND
      2755 Lafayette St, Fort Myers, FL 33916-4028
      View Details
    • Value Estimation by Request
      0.19 Acres

      Fort

      INDUSTRIAL - VACANT LAND
      Fort, Myers, FL 33916
      View Details
    • Value Estimation by Request
      10.00 Acres

      Fort

      INDUSTRIAL - VACANT LAND
      Fort, Myers, FL 33916
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Land Ready For Rent

      Vacant industrial land suitable for light industrial use.
      2140 Flint Dr, Fort Myers, FL 33916
      View Details
    • Contact for pricing
      269,201 SF

      Fort Myers Land Opportunity

      Land available for self-storage or industrial development.
      3670 Metro Pkwy, Fort Myers, FL 33916
      View Details
    • $175,000
      0.27 Acres

      Fort Myers Corner Commercial Lot

      Corner lot with high traffic count in Fort Myers.
      3545 Canal St, Fort Myers, FL 33916
      View Details
    • $1,700,000
      1.11 Acres

      Fort Myers Commercial Land Opportunity

      C-1 zoned commercial property with owner financing available.
      1280 Williams St, Fort Myers, FL 33916
      View Details
    • $300,000
      1.79 Acres

      Fort Myers Commercial Lot

      1.79 acre commercial lot on Billy's Creek.
      Williams St, Fort Myers, FL 33916
      View Details
    • Contact for pricing
      Pending

      8.17 Acre Site For Sale

      8.17+/- acre site ideal for outdoor storage or fleet parking.
      3960 Canal St, Fort Myers, FL 33916
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Secured Industrial Property For Rent

      2.28-acre heavy industrial property with office space and yard storage.
      3401 Old Metro Pkwy, Fort Myers, FL 33916
      View Details
    • Contact for pricing

      Secured Industrial Property For Rent

      2.28-acre heavy industrial property with office space and yard.
      3401 Old Metro Pkwy, Fort Myers, FL 33916
      View Details
    • Contact for pricing

      Industrial Spaces with Secured Outdoor Yard

      Heavy Industrial property with versatile spaces and secured outdoor yard.
      3350 Hanson St, Fort Myers, FL 33916
      View Details
    • $7,000 /Mo
      10 SF

      Fort Myers Industrial Land Available

      Industrial land for lease or build-to-suit in Fort Myers.
      3750 Veronica S Shoemaker Blvd, Fort Myers, FL 33916
      View Details
    • Contact for pricing

      Crane-Served Industrial Facility For Rent

      Industrial facility with functional IOS in central Fort Myers.
      3531 Old Metro Pkwy, Fort Myers, FL 33916
      View Details
    • Contact for pricing
      50,000 SF

      Fort Myers Build-to-Suit Opportunity

      IL-zoned land suitable for a custom industrial facility.
      3750 Veronica S Shoemaker Blvd, Fort Myers, FL 33916
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3960 Canal St
    Fort Myers, FL 33916
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3960 Canal St, Fort Myers, FL, 33916
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!